Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.98 loss per share (vs NT$0.011 profit in 1Q 2025) First quarter 2026 results: NT$0.98 loss per share (down from NT$0.011 profit in 1Q 2025). Revenue: NT$382.0m (down 7.2% from 1Q 2025). Net loss: NT$107.0m (down NT$108.1m from profit in 1Q 2025). Revenue is forecast to grow 85% p.a. on average during the next 3 years, compared to a 33% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 254 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.48 loss in FY 2024) Full year 2025 results: EPS: NT$0.16 (up from NT$0.48 loss in FY 2024). Revenue: NT$1.89b (up 39% from FY 2024). Net income: NT$16.2m (up NT$64.5m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 77% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 273 percentage points per year, which is a significant difference in performance. New Risk • Mar 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 52% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Price Target Changed • Mar 04
Price target increased by 74% to NT$708 Up from NT$407, the current price target is provided by 1 analyst. New target price is 27% above last closing price of NT$559. Stock is up 77% over the past year. The company posted a net loss per share of NT$0.48 last year. Announcement • Mar 02
FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 28, 2026 FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 28, 2026. Location: 4 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.20 (vs NT$0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.20 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$507.7m (up 33% from 3Q 2024). Net income: NT$20.6m (up NT$35.4m from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). Revenue is forecast to grow 102% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 248 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.26 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.16 (down from NT$0.26 in 2Q 2024). Revenue: NT$582.1m (up 65% from 2Q 2024). Net income: NT$16.9m (down 34% from 2Q 2024). Profit margin: 2.9% (down from 7.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 93% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 250 percentage points per year, which is a significant difference in performance. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.29 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.01 (up from NT$0.29 loss in 1Q 2024). Revenue: NT$411.4m (up 53% from 1Q 2024). Net income: NT$1.11m (up NT$29.4m from 1Q 2024). Profit margin: 0.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 86% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 221 percentage points per year, which is a significant difference in performance. Announcement • May 01
FOCI Fiber Optic Communications, Inc. to Report Q1, 2025 Results on May 08, 2025 FOCI Fiber Optic Communications, Inc. announced that they will report Q1, 2025 results on May 08, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: NT$0.48 loss per share (vs NT$0.13 profit in FY 2023) Full year 2024 results: NT$0.48 loss per share (down from NT$0.13 profit in FY 2023). Revenue: NT$1.36b (up 7.2% from FY 2023). Net loss: NT$48.3m (down NT$60.3m from profit in FY 2023). Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 230 percentage points per year, which is a significant difference in performance. Announcement • Feb 21
FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 23, 2025 FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 23, 2025. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan Announcement • Feb 13
FOCI Fiber Optic Communications, Inc. to Report Fiscal Year 2024 Results on Feb 20, 2025 FOCI Fiber Optic Communications, Inc. announced that they will report fiscal year 2024 results on Feb 20, 2025 Board Change • Jan 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tien-Chang Huang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.14 loss per share (vs NT$0.003 profit in 3Q 2023) Third quarter 2024 results: NT$0.14 loss per share (down from NT$0.003 profit in 3Q 2023). Revenue: NT$382.7m (up 17% from 3Q 2023). Net loss: NT$14.8m (down NT$15.1m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.17 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.26 (up from NT$0.17 loss in 2Q 2023). Revenue: NT$352.8m (up 24% from 2Q 2023). Net income: NT$25.6m (up NT$40.3m from 2Q 2023). Profit margin: 7.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 151 percentage points per year, which is a significant difference in performance. Announcement • Jul 24
FOCI Fiber Optic Communications, Inc. to Report Q2, 2024 Results on Aug 08, 2024 FOCI Fiber Optic Communications, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 14
First quarter 2024 earnings released: NT$0.29 loss per share (vs NT$0.39 profit in 1Q 2023) First quarter 2024 results: NT$0.29 loss per share (down from NT$0.39 profit in 1Q 2023). Revenue: NT$268.5m (down 17% from 1Q 2023). Net loss: NT$28.3m (down 183% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Announcement • May 02
FOCI Fiber Optic Communications, Inc. to Report Q1, 2024 Results on May 09, 2024 FOCI Fiber Optic Communications, Inc. announced that they will report Q1, 2024 results at 2:30 PM, Taipei Standard Time on May 09, 2024 New Risk • Mar 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 116% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: NT$0.13 (vs NT$0.53 in FY 2022) Full year 2023 results: EPS: NT$0.13 (down from NT$0.53 in FY 2022). Revenue: NT$1.27b (down 22% from FY 2022). Net income: NT$12.1m (down 74% from FY 2022). Profit margin: 0.9% (down from 2.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 04
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 29 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Feb 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to NT$111. The fair value is estimated to be NT$90.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 22%. Announcement • Feb 23
FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 30, 2024 FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 30, 2024. Location: 4F., No.1, Gongye E. 2nd Rd., East Dist Hsin Chu City Taiwan Agenda: To consider the 2023 business report; to consider the audit Committee's review report; to report the cash distribution from capital reserves of 2023; to acknowledgment of the 2023 Business Report and Financial Statements; to acknowledgment of the 2023 Earnings Distribution; to consider re-election of directors; and to consider other issues. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be NT$82.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 22%. New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Aug 17
Second quarter 2023 earnings released: NT$0.17 loss per share (vs NT$0.082 profit in 2Q 2022) Second quarter 2023 results: NT$0.17 loss per share (down from NT$0.082 profit in 2Q 2022). Revenue: NT$284.1m (down 33% from 2Q 2022). Net loss: NT$14.7m (down 302% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$57.10, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 97% over the past three years. Announcement • Aug 04
FOCI Fiber Optic Communications, Inc. announced that it expects to receive TWD 90 million in funding FOCI Fiber Optic Communications, Inc. announced a private placement of 9,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 90 million on August 3, 2023. The transaction will include participation from returning investors as well as employees of the company for 7,500,000 shares and 1,500,000 shares respectively. The transaction has been approved by the shareholders of the company. New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Jul 14
First quarter 2023 earnings released: EPS: NT$0.38 (vs NT$0.035 loss in 1Q 2022) First quarter 2023 results: EPS: NT$0.38 (up from NT$0.035 loss in 1Q 2022). Revenue: NT$322.2m (down 27% from 1Q 2022). Net income: NT$34.0m (up NT$37.1m from 1Q 2022). Profit margin: 11% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year. Upcoming Dividend • Jun 21
Upcoming dividend of NT$0.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 25 July 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$38.35, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 79% over the past three years. Buying Opportunity • May 11
Now 25% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be NT$40.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 30%. Announcement • May 06
Foci Fiber Optic Communications, Inc. Announces the Appointment of Jeffrey Wang as Corporate Governance Officer FOCI Fiber Optic Communications, Inc. announced the appointment of Jeffrey Wang as Corporate Governance Officer, effective May 5, 2023. Jeffrey Wang is Vice President of Business Strategy Planning Center of Foci Fiber Optic Communications, Inc. Reason for the change: new appointment. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$38.80, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 71% over the past three years. Buying Opportunity • Apr 21
Now 22% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be NT$40.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 30%. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$31.35, the stock trades at a trailing P/E ratio of 58.9x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$27.40, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total returns to shareholders of 76% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: NT$0.53 (vs NT$2.31 in FY 2021) Full year 2022 results: EPS: NT$0.53 (down from NT$2.31 in FY 2021). Revenue: NT$1.62b (down 19% from FY 2021). Net income: NT$47.0m (down 77% from FY 2021). Profit margin: 2.9% (down from 10% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$1.50 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.26 (down from NT$1.50 in 3Q 2021). Revenue: NT$432.4m (down 34% from 3Q 2021). Net income: NT$22.7m (down 83% from 3Q 2021). Profit margin: 5.2% (down from 20% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$1.50 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.26 (down from NT$1.50 in 3Q 2021). Revenue: NT$432.4m (down 34% from 3Q 2021). Net income: NT$22.7m (down 83% from 3Q 2021). Profit margin: 5.2% (down from 20% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be NT$31.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Aug 17
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$31.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.08 (vs NT$0.32 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.08 (down from NT$0.32 in 2Q 2021). Revenue: NT$421.9m (up 1.2% from 2Q 2021). Net income: NT$7.27m (down 74% from 2Q 2021). Profit margin: 1.7% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 17
Upcoming dividend of NT$1.60 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (3.1%). Announcement • May 29
FOCI Fiber Optic Communications, Inc. Announces Cash Dividend, Payable on July 20, 2022 FOCI Fiber Optic Communications, Inc. announced cash dividend of TWD 141,303,328(TWD 1.6 per share). Ex-rights (Ex-dividend) date is June 24, 2022. Ex-rights (Ex-dividend) record date is July 02, 2022. Payment date of cash dividend distribution is July 20, 2022. Reported Earnings • May 09
First quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.022 profit in 1Q 2021) First quarter 2022 results: NT$0.04 loss per share (down from NT$0.022 profit in 1Q 2021). Revenue: NT$438.3m (up 20% from 1Q 2021). Net loss: NT$3.13m (down 261% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. Announcement • Feb 26
FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 27, 2022 FOCI Fiber Optic Communications, Inc., Annual General Meeting, May 27, 2022. Location: THE ALLIED ASSOCIATION FOR SCIENCE PARKS INDUSTRIES No. 2, Zhanye 1st Rd., East Dist. Hsinchu City Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review report; to consider Report on 2021 employees' and directors' remuneration; to consider Report on cash dividend of 2021 earnings distribution; to consider Acknowledgment of the 2021 Business Report and Financial Statements; to consider Acknowledgment of the 2021 earnings distribution; to consider discussion of amendments to the company's Articles of Incorporation; and to consider discussion of amendments to the Company's Procedures for Asset Acquisition & Disposal. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 20% share price gain to NT$39.45, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 58% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.50 (vs NT$0.54 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$652.0m (up 59% from 3Q 2020). Net income: NT$130.6m (up 180% from 3Q 2020). Profit margin: 20% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to NT$33.25, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.32 (vs NT$1.93 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$416.8m (down 16% from 2Q 2020). Net income: NT$28.1m (down 83% from 2Q 2020). Profit margin: 6.7% (down from 34% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to NT$29.05, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 28% over the past three years. Upcoming Dividend • Jun 18
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 25 June 2021. Payment date: 20 July 2021. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%). Announcement • May 25
FOCI Fiber Optic Communications, Inc. Announces Cash Dividend, Payable on July 20, 2021 FOCI Fiber Optic Communications, Inc. announced cash dividend of TWD 87,073,932 (TWD 1.00 per share). Ex-rights (Ex-dividend) date is June 25, 2021 and payment date of cash dividend distribution is July 20, 2021. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.98 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$366.2m (up 22% from 1Q 2020). Net income: NT$1.95m (up NT$86.9m from 1Q 2020). Profit margin: 0.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$27.00, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 25x in the Communications industry in Taiwan. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 17% share price gain to NT$32.65, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 26x in the Communications industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS NT$1.09 (vs NT$1.13 in FY 2019) The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.61b (flat on FY 2019). Net income: NT$94.8m (flat on FY 2019). Profit margin: 5.9% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.54 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$410.5m (up 14% from 3Q 2019). Net income: NT$46.7m (up NT$80.8m from 3Q 2019). Profit margin: 11% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Announcement • Sep 21
FOCI Fiber Optic Communications, Inc.(GTSM:3363) dropped from S&P Global BMI Index FOCI Fiber Optic Communications, Inc.(GTSM:3363) dropped from S&P Global BMI Index